Federal Realty Investment Q1 FFO Up - Quick Facts

(RTTNews) - Federal Realty Investment Trust (FRT) Thursday said first-quarter funds from operations, or FFO, increased to $81.8 million or $1.21 per share from $74.1 million or $1.14 per share in the same period last year.

On average, 19 analysts polled by Thomson Reuters expected the company to earn $1.19 per share for the quarter. Analysts' estimates typically exclude special items.

Net income increased to $38.6 million or $0.57 per share from $34.5 million or $0.53 per share last year.

Revenues totaled $170.83 million, up from $157.15 million last year. Analysts expected revenues of $164.60 million.

Looking ahead to the fiscal 2014, the company has maintained its FFO guidance range of $4.86 to $4.93 per share. Analysts currently expect full-year FFO of $4.91 per share.